The biggest lesson I learnt is buying at the top when everything is maxed out and ready for a retracement, I lose some money but not the type I can't handle, another big lesson I learnt in last bear market is to be strong when others are feeling down, you heard me right, from now till the next six months, many investors will lose hope, Bitcoin will go down and altcoins will lose a lot of value, and this will be the best time to keep on buying.
I remember that many people got tired of accumulating bitcoin, because it feels like the Bear market isn't going to end any time soon, they lose hope and some sold their Bitcoin and moved out, such people ended up rushing back into the market in 2021.
This same race will happen in 2024-2025 and I don't want to be left out again, it takes a smart person to learn from their old mistakes, I don't get moved by the market sentimental anymore, because I don't care, on the long run, Bitcoin remains the winner.
Topic: Lessons Taken from Previous Bull Markets: How Will Your Approach Change? - page 4. (Read 653 times)
August 25, 2023, 04:37:09 AM
August 25, 2023, 03:46:10 AM
I will still stick to my old strategy, that is to buy low and sell high. Now that bull run is fast approaching, I think this is the best time to prepare my portfolio and do maximum buying while prices are still affordable. Because once the market becomes bullish already, then I don’t have the chances to buy anymore.
This time also, I will assure myself to sell some of my coins to gain some profits as well. Bull run is not about hodling your coins longer, but it’s the best time to sell so most likely I will take part in selling. And continue to hold some of my coins for future profits. That way, I won’t miss the chance to be in profits just like everyone else.
This time also, I will assure myself to sell some of my coins to gain some profits as well. Bull run is not about hodling your coins longer, but it’s the best time to sell so most likely I will take part in selling. And continue to hold some of my coins for future profits. That way, I won’t miss the chance to be in profits just like everyone else.
August 24, 2023, 06:40:06 PM
Getting Ready for the Next Bull Run: If there's another big run coming up (we hope so!), it's a smart time to think about what you'll do differently. Are you planning to keep your investments for longer and not sell too soon? Or maybe you're thinking about taking some money out at certain points? Do you have a new way to handle risks in mind? Whether you're into looking at charts, doing research, or just keeping a cool head, lots of us would love to hear your thoughts.
I'm mainly a holder, so I don't do any trading, but if there will be a new bull run (let's hope yes!) and bitcoin will reach a certain value then I would probably sell something. If then it keeps going up then I would probably sell something more because if there is something that I've learnt from the previous bull runs is that sooner or later bitcoin dumps quite a lot so there always are good occasions to buy again.as long as this market is attracting investors and users, there's always a chance to have a bull run. it may even surpass the recorded ATH. but it would be a matter of time to happen such scenario. as a believer, just continue to hold and accumulate more. the reward will come later on.
but it is understandable if some will sell as we have different necessities in this market. as much as possible, don't sell it at a loss. but a small profit is preferred over none.
August 24, 2023, 06:37:19 PM
Getting Ready for the Next Bull Run: If there's another big run coming up (we hope so!), it's a smart time to think about what you'll do differently. Are you planning to keep your investments for longer and not sell too soon? Or maybe you're thinking about taking some money out at certain points? Do you have a new way to handle risks in mind? Whether you're into looking at charts, doing research, or just keeping a cool head, lots of us would love to hear your thoughts.
I'm mainly a holder, so I don't do any trading, but if there will be a new bull run (let's hope yes!) and bitcoin will reach a certain value then I would probably sell something. If then it keeps going up then I would probably sell something more because if there is something that I've learnt from the previous bull runs is that sooner or later bitcoin dumps quite a lot so there always are good occasions to buy again. hero member
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August 24, 2023, 06:31:24 PM
What do you think about the lessons we've learned from past bull runs? What's your plan for the next one? I'm excited to learn from all of you while I figure out my own strategy too.
DYOR
DYOR
Well, from the past bull run, if there is one experience I have seen a few bitcoiners share, it is selling all their coin when the bull market just kicked in. Some times, if the bull market starts and maybe Bitcoin gets to $80k, some investors will rush and sell all their assets, but after selling, the market keeps pushing forward, and they begin to regret why they sold so quickly. I think I have derived a selling strategy from such experience, which is that I will not sell all my assets at once when the price is becoming bullish; perhaps when I sell too, I will have to sell them bit by bit, so that if I sell at $80k and the price still keeps going high, I can still have more fractions of Bitcoin to sell at $100k, $110k or even far above. JMO.
August 24, 2023, 04:29:00 PM
What do you think about the lessons we've learned from past bull runs? What's your plan for the next one? I'm excited to learn from all of you while I figure out my own strategy too.
DYOR
DYOR
The lesson I learned from the previous bull run is that all the things that happened in the crypto market are only temporary, the bear market does not last forever and so as the bull market. They move in a cycle so better learn how that cycle starts and ends. Aside from that, there is no best strategy but hold. We all know that Bitcoin due to its finite supply and huge potential of global adoption, the price will just keep up-trending with several hiccups(temporary downtrends) along the way. Until Bitcoin reaches it pinnacle ( peak price) it is best to accumulate during the bear market, sell during the bull market then rinse and repeat.
Not all would really be still able to make themselves wary specially to those who are just recently be able to dive into this market. This is why it would really vary on certain individual since not all would really be that
able to learn up with those basic principles. Sounds pretty basic but this is something that you would really be missing out if you arent that mindful or doesnt know on how to adapt on things.
This is why you should act out fast basing up on what you are facing into.
August 24, 2023, 04:16:14 PM
What do you think about the lessons we've learned from past bull runs? What's your plan for the next one? I'm excited to learn from all of you while I figure out my own strategy too.
DYOR
DYOR
The lesson I learned from the previous bull run is that all the things that happened in the crypto market are only temporary, the bear market does not last forever and so as the bull market. They move in a cycle so better learn how that cycle starts and ends. Aside from that, there is no best strategy but hold. We all know that Bitcoin due to its finite supply and huge potential of global adoption, the price will just keep up-trending with several hiccups(temporary downtrends) along the way. Until Bitcoin reaches it pinnacle ( peak price) it is best to accumulate during the bear market, sell during the bull market then rinse and repeat.
August 24, 2023, 04:09:52 PM
One lesson to learn is to sell all you have when the price reaches its peak because you don't wanna hold BTC and tokens where prices are going down for more than a year. It happens every after the bull market. I have to remind myself all the time that bears are going to keep selling until those who invest in the bull market dries up. Those who didn't sell during the last bull market and hold still to this very day I think understood how much was lost.
The bull market will teach us about the loss of chances to sell the holding with good profits.Many traders with less skills will sell their holdings at the beginning of the bull run.But they fail to understand the market and basic of the trading.The bull run will survive for certain period of time,when the market auto adjusted to all time high.Thenthe trader should not delay for the further increase of price,he should satisfy with the market and get profits by selling at that price.When the bear market starts,you feel like loss of the opportunity.
August 24, 2023, 03:50:14 PM
Having seen at least 1 bull market and actively participate in it, my plan now is to position myself such that I would be able to adopt with the new trends that the future bull run will bring that includes accumulating Bitcoin whenever the market takes a serious heat and some other high cap altcoins here and there. People who positioned themselves well in previous bull runs ended up being the winners. Finally, I am putting together a strategy on how to get out and not leave money on the table because unrealized profits are simply not ours.
August 24, 2023, 03:46:22 PM
There isn't a flawless strategy in the realm of cryptocurrency, as plans need to adapt over time. To capitalize on a bull run, patience is key. Alternatively, leveraging volatility to grow one's portfolio can be advantageous. Personally, I frequently employ this tactic by accumulating during major dips and profiting from the market's fluctuations. While I do keep some coins for potential bull runs, I'm not consistently bound by that strategy. Whenever I identify reasonable profits, I aim to capitalize on them.
August 24, 2023, 02:56:30 PM
Well, I for one don't do much trading, but it would be unfair to only think of the bull run as a time to only make profits.
I have experienced flash bull runs that have been happening since I started my crypto journey. Although it didn't last long, the one lesson I have learned from those who rushed in to take advantage is to always be patient.
The next bull run am really looking forward to is after the halving in 2024. I would love to see how the impart is felt by partaking in activity and listening to testimonials of those who make profit from it massively.
For now, any bull run is not going to affect my DCAing until the time I set aside for liquidation.
I have experienced flash bull runs that have been happening since I started my crypto journey. Although it didn't last long, the one lesson I have learned from those who rushed in to take advantage is to always be patient.
The next bull run am really looking forward to is after the halving in 2024. I would love to see how the impart is felt by partaking in activity and listening to testimonials of those who make profit from it massively.
For now, any bull run is not going to affect my DCAing until the time I set aside for liquidation.
August 24, 2023, 02:52:01 PM
To me, the most valuable time of lessons was at the end of 2017 and the crash of 2018. I didn't sell anything at $18-19k back then because the fees were high and I was kinda greedy, assuming the price wouldn't go down while the fees would decrease. 2017 was also a time of mistakenly buying altcoins at their ATH point, believing that they'll go up even further. I didn't waste a lot of money on that, and I only bought coins that were in the top-50 by market capitalization, but still, a major mistake. And then the price went down at the start of 2018, to which I remember thinking that it'll go back up in a few weeks...
There were a lot of wrong assumptions there, so I've learned a lot of lessons:
- if the price is good for the time being, sell some when you feel like it;
- keep calm when the price is down for a couple of years, that's normal;
- Bitcoin matters, altcoins are safer left ignored like they don't exist.
There should always be a selling point and this was also my mistake on that particular bull run period specially on that 2016-2017 on which this is the time i do make myself get involved with crypto.There were a lot of wrong assumptions there, so I've learned a lot of lessons:
- if the price is good for the time being, sell some when you feel like it;
- keep calm when the price is down for a couple of years, that's normal;
- Bitcoin matters, altcoins are safer left ignored like they don't exist.
On the time like this then im not really that totally experienced on how market works or behaves on which on the time that everything is increasing then i do believe that it wont go down. Same as yours, i did make up some purchase believing that the price might shoot up even more until the reality slaps you on your face and telling that it wasnt really that possible for this thing to happen. We know on how reality works and this cant be called a market in the first place if it was really just that moving on a single path or movement. There's always a correction in a market and this is why its always been ideal that you should be having that target point on selling out so that on the time that the market depletes then you wont really be having those regrets and keeping telling to yourself that you should have sell earlier but its already too late. Tons of people had already learnt up that lesson on which that previous cycle or bull run happened.
August 24, 2023, 02:48:58 PM
The most important thing I have learnt thus far is to stay calm, when everyone is excited and selling their bitcoins, it is best to remove yourself from the crowd and pay attention to the chart movement. Don’t sell too early, and don’t fall victim of FOMO. I think FOMO is the biggest enemy of a bitcoin investor, it’s a hard one to beat because it feeds on our emotions and affects our ability to make the right choices. Keeping calm and trusting your gut is the best improvement I have made in my crypto journey.
August 24, 2023, 02:47:00 PM
learn from all of you while I figure out my own strategy too.
The plan is simply to buy as much as possible because I feel still we are a year for the real bull to kick in if the market acts as predicted so you can buy more bitcoins just like me and when you hear buy bitcoins from everyone that is the actual time to dump your profits and wait for the next opportunity.
Another approach is you can pick the trending shitcoins which can make you millions with thousand dollars as investment but finding the one is like sniping blindfolded after 50 spins.
My strategy is clear bulls-eye so you can choose which one you want.
Whatever coins you want to buy you need to buy them now. That includes the high market cap coins plus the shit coins. The biggest mistake people make is they buy during the bull market and most of them buy at the top of the bull season and are stuck with their investments.
The important thing to consider is to sell your coins in parts in the bull season and not buy any coins. Since we do not know the bull market's top, we need to slowly cash out during the bull season. People often do the opposite; they sell in the bear season and buy in the bull season.
August 24, 2023, 02:39:40 PM
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Getting Ready for the Next Bull Run: If there's another big run coming up (we hope so!), it's a smart time to think about what you'll do differently. Are you planning to keep your investments for longer and not sell too soon? Or maybe you're thinking about taking some money out at certain points? Do you have a new way to handle risks in mind? Whether you're into looking at charts, doing research, or just keeping a cool head, lots of us would love to hear your thoughts.
Expectantly there's another bull just ne the corner and it's thoughtful to have prior plan on how and what to do.Getting Ready for the Next Bull Run: If there's another big run coming up (we hope so!), it's a smart time to think about what you'll do differently. Are you planning to keep your investments for longer and not sell too soon? Or maybe you're thinking about taking some money out at certain points? Do you have a new way to handle risks in mind? Whether you're into looking at charts, doing research, or just keeping a cool head, lots of us would love to hear your thoughts.
After the bull run take place and profit made it won't sound like a wrong idea to cash out the profit and use it to invest into other real life business. The essence of the waiting and HODLing was to gain and take profit anyway. Or
Convert your total bitcoin to a stable currency like usdt and wait for when the bull run elapses and bear market takes over to an appreciable price comfortable to you then buy and hold again for another four year bull run. (I think this will work fine for long term investors if they could have the enduring discipline to hold the usdt conversion till when the market go bearish as expected.). Lol.
I just have to stick to my strategy in as much as it's still working out so well for me, why the change of strategy when that which you have is giving you the expected results. If what you doing is working then it's expedient the right decision is to keep a cool head.
August 24, 2023, 02:24:13 PM
Getting Ready for the Next Bull Run: If there's another big run coming up (we hope so!), it's a smart time to think about what you'll do differently. Are you planning to keep your investments for longer and not sell too soon? Or maybe you're thinking about taking some money out at certain points? Do you have a new way to handle risks in mind? Whether you're into looking at charts, doing research, or just keeping a cool head, lots of us would love to hear your thoughts.
Yeah not going to sell too fast longer keep it better for bitcoin, I'm not thinking of that plan because this year is still in the bearish phase if it's sold then of course it's still a loss.The plan that is still being carried out is DCA which is still being done this is an accumulation to accumulate as much bitcoin as possible at an average price for me this is the best way to do it than other ways 'maybe other people are different' but I still DCA strategy is much better to maintain.
To deal with risk, don't sell too quickly, if you continue to hold it, it will be less risky.
Not taking research too seriously or looking at charts will make us more uneasy just like you said be calm in any situation.
Another question is how do you not sell in the current cycle? Will you be able to sell in the next cycle, say 2028 or 2029? Much stronger isn't it.
August 24, 2023, 02:01:54 PM
What do you think about the lessons we've learned from past bull runs? What's your plan for the next one?
This is a good topic to bring up before the expected bull run so people can really have thought about it, and plan for what to do when that time comes before it comes because having no plan/not planning for that time means you will make a lot of regrettable decisions then that you will get to regret later. Not planning on time/planning late (at rush hour) is also bad because there will not be the time to second think your choices which puts you at a position to make wrong choices. Have a plan on when to sell, how much of your bitcoins to sell? all or some part?
August 24, 2023, 01:10:03 PM
One lesson to learn is to sell all you have when the price reaches its peak because you don't wanna hold BTC and tokens where prices are going down for more than a year. It happens every after the bull market. I have to remind myself all the time that bears are going to keep selling until those who invest in the bull market dries up. Those who didn't sell during the last bull market and hold still to this very day I think understood how much was lost.
August 24, 2023, 12:49:50 PM
The crypto world has seen some really exciting bull markets, and right now, it looks like we might be gearing up for another one. Whether you've been trading for a while or you're new to the crypto scene, it's important to take a moment and think about the lessons we've learned from past bull runs.
Two lessons i learned from the last bull market that i think are worth sharing.
1. Don't sell too early
2. Selling some and buying more at a lower price is not a bad idea.
This. I fully agree with this, I had quite a bit of crypto back when the price shot past 60k and yet I held on to all of it, being greedy and thinking it would just be an uphill, slow and steady climb where I can set the coins aside and check back again in years. Before I knew it the price crashed and I sold a few, invested in a few sites and apps that would turn out to be bad decisions due to unforeseen fees, and I'm sure I have even forgot where some of them when to. Got into ETH too and I still have some which were used for staking back then, but now the gas fees are ridiculous at around $100USD for even a single transaction.
If you've made some reasonable profit, why not sell some of it and reap the rewards?
August 24, 2023, 12:46:35 PM
If there's something to learn — it's to simply dollar-cost average on bitcoin or whichever assets you're long-term bullish in, and stop acting based on your emotions. That's pretty much it summarized; and if you manage to do this alone, you're already better off than a huge majority of people.
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